The global pentaerythritol market was valued at USD
1.01 billion in 2011 and is expected to reach USD
1.59 billion by 2018, growing at a CAGR of 6.8% from 2012 to 2018. In
terms of volume, global consumption was 485.9 kilo tons in 2011 and is expected
to reach 692.9 kilo tons by 2018, growing at a CAGR of 5.3% from 2012 to 2018.

Pentaerythritol is majorly used for manufacturing alkyd
paints which has been a key contributor to its market growth in recent times
and owing to the growing infrastructure market mainly in Asia Pacific, this trend is expected to continue over
the forecast period. In addition, eco-friendly nature of pentaerythritol has
been gaining regulatory support as a non-hazardous and sustainable product for
end-users. Furthermore, emerging innovative applications of pentaerythritol
such as therapeutics and marine coatings are expected to provide immense
opportunities for the major players operating in the global market. However,
limited availability of raw materials such as formaldehyde and acetaldehyde due
to overlapping with their other commercial applications is expected to inhibit
the market growth.

Alkyd paint was the largest application segment for
pentaerythritol and accounted for over 37% of the total market in 2011. Alkyd
paint application is expected to grow at a CAGR of 5.5% over the forecast
period. These paints find applications in residential as well as industrial
construction. Applications of pentaerythritol in plasticizers are expected to
be the fastest growing applications and are projected to grow at a CAGR of 5.9%
from 2012 to 2018.

Asia Pacific emerged as the leading consumer
for pentaerythritol and accounted for over 40% of the total demand in 2011. Asia Pacific along with being the biggest market is
also expected to be the fastest growing market for pentaerythritol at a CAGR of
5.7% from 2012 to 2018. The growth of the construction and automobile industry,
especially in China and India
is propelling the growth of pentaerythritol in this region. Europe is expected to show significant growth at a
CAGR of 6.4% over next five years, in terms of revenue. The demand for
pentaerythritol for alkyd paints in North America
is expected to reach a market worth USD 88.7 million
by 2018, growing at a CAGR of 5.9% from 2012 to 2018.

Some of the key companies operating in the global
pentaerythritol market include Celanese Corporation, Ercros SA, Hubei Yichang Chemical,
Mitsui Chemicals and Perstorp Holding AB. There are also several small
companies such as Copenor, Hunan Hengyang Sanhua and Lee Chang Kung among
others operating in the global and the regional market.

Pentaerythritol Market: Application Analysis

Alkyd paints

Alkyd inks

Alkyd adhesives/sealants

Plasticizers

Alkyd varnishes

Radiation cure coatings

Lubricants

Other (including medicine,
pesticides, etc)

Pentaerythritol Market: Regional Analysis

North
America

Europe

Asia
Pacific

Rest of the World

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